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Exhibit 99.1
FRIDAY JULY 14, 4:31 PM EASTERN TIME
COMPANY PRESS RELEASE
SOURCE: ENVISION DEVELOPMENT CORPORATION
ENVISION DEVELOPMENT CORPORATION ANNOUNCES
AGREEMENT WITH PUREEDGE SOLUTIONS, INC. TO BRING
NEW TRANSACTIVE TECHNOLOGY TO EBUSINESS
MARLBORO, Mass., July 14 /PRNewswire/ -- Envision Development Corporation (Amex:
EDV - NEWS), today announced it has signed a Value-Added Reseller agreement with
PureEdge Solutions, Inc.
Under terms of the agreement, Envision will be permitted to immediately begin
selling PureEdge's InternetForms Commerce System products to Envision customers.
Additionally, Envision also plans to build InternetForms Commerce System (ICS)
enabled Web sites and Internet applications for its customers.
"The ICS products are the first to allow companies to utilize XML (Extensible
Markup Language) to create Web sites that produce legally binding transactions
on the Internet without using paper forms and processes," said William Patch,
chief executive officer and chairman of Envision. "We believe that many of our
current and prospective clients can benefit from these technologies, and we
expect significant success in deploying ICS-powered Web sites and applications
for these organizations."
"We look forward to a successful relationship with Envision," said Eric Jordan,
president and chief executive officer of PureEdge. "The technologies at
Envision, combined with PureEdge's solutions for creating binding transactions
over the Web, will strongly benefit Envision's current and future customer
base."
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Envision Development Corporation (WWW.EDVCORP.COM), is a rapidly growing
provider of Web-centric transactive technologies through applications
development and end-to-end eBusiness solutions. Envision's strategy is
formulated on the premise that organizations wishing to participate in the
Internet economy are increasingly turning to eBusiness experts.
PureEdge Solutions Inc. (WWW.PUREEDGE.COM) is a leader in creating legally
binding transactions for e-commerce. PureEdge is a recognized leader in the
development of secure e-commerce standards. PureEdge customers include Global
2000 and public sector organizations including the U.S. Securities & Exchange
Commission, Chase Bank, Arvest Bank, and the Office of the Secretary of Defense.
This press release contains forward-looking statements that involve risks and
uncertainties that could cause actual results to differ materially from those
set forth in the forward-looking statements. Such risks and uncertainties are
described in the company's filings with the SEC, including its Registration
Statement on Form 10-K.
